Bridge City Capital LLC Has $4.83 Million Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Bridge City Capital LLC increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 201,740 shares of the company’s stock after acquiring an additional 1,556 shares during the quarter. Aris Water Solutions comprises about 1.3% of Bridge City Capital LLC’s holdings, making the stock its 24th biggest holding. Bridge City Capital LLC’s holdings in Aris Water Solutions were worth $4,832,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of Aris Water Solutions by 30.5% in the fourth quarter. LPL Financial LLC now owns 98,816 shares of the company’s stock valued at $2,367,000 after purchasing an additional 23,123 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of Aris Water Solutions by 66.9% during the 4th quarter. Fox Run Management L.L.C. now owns 20,503 shares of the company’s stock worth $491,000 after buying an additional 8,221 shares during the period. Sei Investments Co. raised its holdings in Aris Water Solutions by 477.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock valued at $1,439,000 after acquiring an additional 49,690 shares during the period. Virtu Financial LLC acquired a new stake in Aris Water Solutions during the fourth quarter worth approximately $624,000. Finally, Quantbot Technologies LP acquired a new stake in Aris Water Solutions during the fourth quarter worth approximately $804,000. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

ARIS has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Stock Down 0.3 %

ARIS stock opened at $31.93 on Friday. The company has a market cap of $1.87 billion, a PE ratio of 39.91 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $32.72. The business has a 50-day simple moving average of $28.35 and a 200 day simple moving average of $23.54.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio is 70.00%.

Insider Activity at Aris Water Solutions

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the sale, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold 1,910,142 shares of company stock valued at $50,977,332 over the last three months. 23.06% of the stock is owned by insiders.

Aris Water Solutions Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.